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Intel bets big on cloud, with stake in Cloudera

In a sign of the growing importance of the Internet "cloud," software group Cloudera said Monday it raised a whopping $900 million to expand its big data corporate services. US chip giant Intel is leading the financing with a "significant" investment which will give it an 18 percent stake in Cloudera, the companies said. The move highlights the importance of cloud services, which can store data from computers and a range of devices including appliances, cars and wearables connected to the Internet.

Intel takes 'significant' stake in Big Data startup Cloudera

By Noel Randewich SAN FRANCISCO (Reuters) - Intel Corp said on Thursday it made a significant investment in Cloudera and will make the fast-growing startup its preferred distributor of software for crunching Big Data. The top chipmaker said its equity investment in Cloudera makes it the company's single largest strategic shareholder and it comes as Intel looks to expand its server business to make up for falling sales of personal computers.

Amazon follows Google in slashing cloud computing prices

By Deepa Seetharaman SAN FRANCISCO (Reuters) - Inc will drop prices on most of its cloud computing services starting April 1, the largest U.S. online retailer said on Wednesday, a day after rival Google Inc outlined a major price cut of its own. The price cuts range from 10 percent to 65 percent, Andrew Jassy, senior vice president of Amazon Web Services, told a conference for Amazon web developers in San Francisco.

Google slashes cloud computing prices in rivalry with Amazon

By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google Inc slashed its cloud computing service prices on Tuesday, seeking to wrest customers from Inc and Microsoft Corp in the fast-growing market of renting computers and data storage to companies. Price cuts range from 30 to 85 percent. Google's Cloud Storage will cost 2.6 cents per gigabyte, about 68 percent lower for most customers. Google's Compute Engine services will cost 32 percent less across all sizes, regions and classes.

Startup Cloudera raises $160 million from T Rowe, Google Ventures

SAN FRANCISCO (Reuters) - Fast-growing startup Cloudera has raised $160 million from T Rowe Price, Google Ventures and other investors to expand further into the market for helping enterprises manage and analyze data. T Rowe Price led the latest round, which also included MSD Capital, Dell Chief Executive Michael Dell's private investment firm, taking total financing in the company to $300 million, said Cloudera, which is expected to go public this year, on Tuesday.

Microsoft poised to fight back as iPad generation shuns Office

By Gerry Shih and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters) - It may be one of Microsoft Corp's biggest squandered opportunities. Tired of waiting for Office to be optimized for their mobile gadgets, a growing contingent of younger companies is turning to cheaper, simpler and touch-friendly apps that can perform word processing and other tasks in the cloud.

Motorola Mobility CEO to join Dropbox ahead of Lenovo deal

(Reuters) - Private cloud storage company Dropbox Inc plans to name Google Inc GOOG.O executive Dennis Woodside, CEO of Motorola Mobility, as its first Chief Operating Officer. Jonathan Rosenberg, the former head of product management at Google, will be appointed as the Chief Operating Officer of Motorola Mobility with responsibility for day-to-day management, according to two sources familiar with the matter.

Rackspace CEO retires as web hosting firm shifts focus

(Reuters) - Rackspace Hosting Inc's <RAX.N> chief executive of seven years is retiring as the web hosting company looks to transition into a cloud software developer. The company, whose shares fell as much as 13 percent in extended trading, also forecast lower-than-expected revenue for 2014. Lanham Napier, 42, who has led the company since 2006, was replaced by Rackspace's co-founder and former CEO Graham Weston.

Accenture to buy ClientHouse for undisclosed amount

NEW YORK (Reuters) - Accenture Ltd on Monday said it would buy cloud computing services provider ClientHouse as part of a plan to expand its capabilities in Europe. Terms of the agreement were not disclosed. ClientHouse is an independent provider of cloud computing services from, as well as Veeva Systems, which provides cloud-based services to biotech companies, Accenture said in a statement. Shares of Accenture closed Friday at $84.43.

IBM to invest $1.2 bn to expand 'cloud'

US computing giant IBM said Friday it would be investing $1.2 billion to expand Internet "cloud" services, by opening up new data centers around the world. "This investment includes a network of data centers designed to bring clients greater flexibility, transparency and control over how they manage their data, run their businesses and deploy their IT operations in the cloud," IBM said in a statement. Fifteen new data centers will be opened to bring the total IBM network to 40, the company said.
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